How KeyBanc Capital Markets Currently Rates Now Inc (NYSE:DNOW)
Expert analysts at KeyBanc Capital Markets have commenced coverage coverage on Now Inc (NYSE:DNOW) with Sector Weight rating. This was released in a very recent research note on 18 December.
From a total of 6 analysts covering Now Inc (NYSE:DNOW) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $20 while the lowest target price is $17. The mean of all analyst targets is $17.67 with a 19.65% above today’s ($15.88) stock price. Now Inc was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on September 15 with “Neutral” rating.
Approximately 1.11 million shares of stock traded hands. NOW Inc (NYSE:DNOW) has declined 35.50% since May 15, 2015 and is downtrending. It has underperformed by 31.69% the S&P500.
The overall sentiment of institutions has increased to 0.75 in Q2 2015. Its up 0.02, from 0.73 in 2015Q2. The ratio is positive, as 43 institutions have sold all the shares of NOW Inc that they owned while 113 funds have taken shares off the table. 33 funds have purchased shares for the first time while 84 added to their positions. These institutions now hold 111.43 million shares or 2.01% less than the 113.71 million shares they owned in 2015Q2.
The Fund Arlington Value Capital Llc currently is holding shares equating to 10.96% of its total portfolio in NOW Inc representing a total of 5.52 million shares. Another fund,Sandhill Capital Partners Llc, is holding a total of 863,284 shares equating to 4.27% of their holdings. Additionally, Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has a 768,500 share stake in NOW Inc which represents 3.8% of their total portfolio. The Fund, Fairholme Capital Management Llc, based out of Florida, has also built up a stake in the stock, which represents a total of 2.88% of their total portfolio. Finally Kingstown Capital Management L.P., a fund which is based in the state of New York reported a total holdings of 1.70 million shares.
NOW Inc. is a global distributor to energy and industrial markets. The company has a market cap of $1.73 billion. The Firm operates through three divisions: United States (U.S.), Canada and International. It currently has negative earnings. The Firm operates primarily under the DistributionNOW and Wilson Export brands.
According to Zacks Investment Research, “NOW Inc. is a distributor to the energy and industrial sectors. It stocks and sells a comprehensive offering of products for the upstream, midstream, and downstream & industrial market segments. The Company offers stock keeping units, including pipe, valves and valve automation, fittings, instrumentation, mill and industrial supplies, tools, safety supplies, electrical products, drilling and production equipment, fabricated equipment, and industrial paints and coatings. NOW also provides supply chain management solutions to energy and industrial manufacturing companies around the world. It operates primarily under the DistributionNOW and Wilson Export brands. NOW Inc. is headquartered in Houston, Texas.”